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August 5th, 2011 at 10:26 am
Obama Spokesman: “The White House Doesn’t Create Jobs.” You Can Say That Again.
Posted by Timothy Lee Print

In a rare moment of candor yesterday, White House Press Secretary Jay Carney admitted, “the White House doesn’t create jobs.”  That’s a refreshing contrast from Obama’s previous “jobs saved or created” nonsense, but he can certainly say that again.

Today, the Labor Department reported that unemployment remained essentially unchanged last month at 9.1%, with only 117,000 new jobs created.  Keep in mind that the economy needs approximately 125,000 new jobs per month just to keep the unemployment rate steady, and 200,000 per month to reduce the rate by a single percentage point over an entire year.  In other words, the economy continues to create far too few jobs to significantly reduce the unemployment rate.

Also keep in mind that Obama promised in February 2009 that if we passed his “stimulus,” unemployment would top out at 8% back in the fall of 2009, and be down to around 6% by now.  Instead, we have witnessed a post-war record number of consecutive months at or above 9% unemployment.  Over the same 30-month period that have passed since Obama’s “stimulus” promise, Ronald Reagan’s policies reduced unemployment from 10.4% to 7.1%.

The White House may not create jobs, Mr. Carney, but history shows that its policies can foster growth or, in your case, wreak havoc.